Keefe, Bruyette & Woods Issues Positive Forecast for Northern Trust (NASDAQ:NTRS) Stock Price

Northern Trust (NASDAQ:NTRS) had its target price hoisted by equities research analysts at Keefe, Bruyette & Woods from $113.00 to $122.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 11.37% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley cut their price objective on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Evercore ISI raised their price target on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Truist Financial began coverage on shares of Northern Trust in a research report on Tuesday, January 7th. They issued a “hold” rating and a $110.00 target price for the company. Finally, Bank of America increased their target price on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $109.58.

Northern Trust Stock Performance

Shares of NTRS stock opened at $109.54 on Friday. The firm has a 50 day moving average of $105.76 and a 200-day moving average of $96.30. Northern Trust has a 52 week low of $76.67 and a 52 week high of $111.87. The company has a market cap of $21.71 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 10.92% and a return on equity of 12.75%. On average, equities analysts forecast that Northern Trust will post 7.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Thomas A. South sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the sale, the executive vice president now owns 49,756 shares of the company’s stock, valued at approximately $5,264,184.80. This trade represents a 9.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $111.00, for a total transaction of $1,010,100.00. Following the sale, the insider now owns 47,797 shares of the company’s stock, valued at $5,305,467. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,253 shares of company stock worth $3,238,073 in the last ninety days. 0.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NTRS. Allworth Financial LP boosted its holdings in Northern Trust by 9.1% in the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC grew its holdings in Northern Trust by 2.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock worth $432,000 after acquiring an additional 100 shares during the period. Ballentine Partners LLC raised its position in Northern Trust by 4.4% in the fourth quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after acquiring an additional 105 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in Northern Trust by 1.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock valued at $624,000 after acquiring an additional 107 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Northern Trust by 14.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock worth $83,000 after purchasing an additional 117 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.